Notice of Business Continuity Plan

At Fidelity Investments ("Fidelity"), we recognize how heavily our clients rely on our systems and services. We also recognize that the unexpected can and does occur-from simple situations to major outages. Fidelity has successfully supported critical business activities during disruptions of normal business processes resulting from hurricanes, tornados, blizzards, and other natural and man-made disasters. Fidelity wants you to know that we have an extensive plan in place to safeguard your assets and protect vital account information in the event of a business disruption.

Fidelity and its affiliated companies, including Fidelity Investments Institutional Services Company, Inc. ("FIISC"), have pre-established contingency and disaster recovery plans. Each Fidelity company has dedicated business contingency planners to prepare and test its specific plan, and also follows enterprise-wide guidelines for contingency planning and disaster recovery from various scenarios.

Fidelity Continuity Planning Guidelines

Fidelity has developed plans that include the ability to recover from situations including, but not limited to, unplanned evacuations, power outages, major water leaks, fire, severe weather, intentional acts, and any facilities failures that may cause business interruption. Plans are designed to account for business interruptions of various lengths and scope and require that Fidelity is able to recover critical functions according to their time criticality. In order to maintain secure and effective plans, FIISC does not provide the specific details in this notice, but you should be aware that Fidelity's corporate disaster recovery planning includes the following:

  • Identification of all mission critical systems and system backup and recovery for such systems
  • A review of financial and operational risks
  • Alternate communications between Fidelity and its customers
  • Employee safety strategies and communications
  • Systems and telecommunications accessibility
  • Alternate physical site location and preparedness

Fidelity Contingency Planning and Business Recovery

Fidelity mitigates risks to reduce potential issues and impact. In the event of an outage, Fidelity has tested plans to support recovery of its critical business functions. In addition to following the guidelines stated above, Fidelity's recovery plans also include the following:

  • Contingencies for Inclement Weather - If there is a forecasted weather emergency, hotel rooms are obtained for essential personnel. If the weather emergency could result in an inability to access the primary site, an alternate site would be prepared for use and personnel would be sent there prior to the event. Critical personnel will also be able to service your accounts from Fidelity alternate sites to include work from home strategies.
  • Designated Contingency Sites - There are pre-established, tested processes for rerouting of critical hotline numbers and recovering critical business functions. In the event of a site outage, customers should experience minimal downtime in their ability to contact Fidelity.
  • Notification to Clients - Procedures for notifying customers have been established for Fidelity associates to follow in the event of an outage. Notification will include information regarding length of outage, instructions for contacting Fidelity, and support information (e.g., where to send faxes, issues pertaining to data transmissions and communications).
  • Contagious Illness Outage (Pandemic Preparedness) - Fidelity Investments' continuity planning also addresses impact in the event of a significant personnel outage. It is designed to address preparedness and response to a contagious illness/pandemic, with the intent of (1) stopping, slowing or otherwise limiting the spread of a contagious illness to Fidelity sites and its personnel; (2) sustaining infrastructure and (3) mitigating impact to our critical business functions and our business partners. Fidelity continues to monitor and review the potential for a contagious illness outbreak and the impacts that may result on the enterprise including the design and testing of all possible workarounds and strategies. The pillars of our strategy are:

    Preparedness and Communication – Activities that have been undertaken before a contagious illness event to ensure preparedness, and the communication of roles and responsibilities to all levels of the firm, management and individuals.

    Surveillance and Detection – Domestic and international monitoring that provide continuous situational awareness, to ensure the earliest warning possible to protect the firm as a whole.

    Roles, Responsibilities and Response – Actions to limit the spread of the outbreak and to mitigate the health, social and economic impacts of a wide spread contagious illness event.

  • Access to Your Funds - A site outage should not impact your ability to have access to your available funds, as Fidelity's business continuity plans are designed to ensure sustained service. However, your ability to trade securities may be impacted by market events outside of Fidelity's control, such as when the market was closed following the September 11 tragedy. Our tested business continuity plans result in necessary personnel being available to approve transactions that result in the disbursement of available funds.

Please note that Fidelity's Business Continuity Plans are reviewed as necessary, and at least annually, to ensure they account for technology, business and regulatory changes, operations, structure or location. The plans are subject to change, and material changes will be reflected in an updated "Notice of Business Continuity Plans". For a current copy of this notice, go to advisor.fidelity.com or contact a Fidelity representative.

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Please carefully consider the funds' or plans' investment objectives, risks, charges, and expenses before investing. For this and other information, call Fidelity Investments for a free prospectus or Offering Statement or view one online. Read it carefully before you invest or send money.


Fidelity Investments © Copyright 1996- FMR LLC. All rights reserved.
Not FDIC Insured. May Lose Value. No Bank Guarantee.
Fidelity Investments Institutional Services Company, Inc.